Financing - M.A. Luxury, Fashion & Sales Management

Tuition Fees

As a state-recognized, non-profit university the ISM is solely financed by tuition fees. The fees for the master’s program per semester (semester 1-3) are 5,980 Euro at campus Dortmund, Cologne and Stuttgart and 6,380 Euro at campus Frankfurt/Main, Munich and Hamburg. The tuition fee for the last semester (semester 4) is only 1,200 Euro for the master thesis. Admission Fee

Admission Fee

The admission fee applies to international applicants that have a foreign citizenship and at the time of the application a foreign address. Upon acceptance of a degree course place at the ISM the applicant has to pay an admission fee (deposit) of 1,490 Euro. With this payment the applicant may be eligible to receive additional services provided by the International Office prior to enrolment. The admission fee will be deducted in full from the tuition fees for the second semester in the degree course. The admission fee will be refunded in the event that the applicant proves that the visa application for a course of study at the ISM has been definitely rejected.

Enrolment Fee

Once you are accepted as a student at the ISM you are required to pay enrolment fees, which amount to 600 Euro.

Grants

ISM Grant

The ISM supports its international students with the allocation of scholarships – full or a partial to enable suitable students to study at the university.

Full scholarship from 1st semester: High-performing beginners receive a full scholarship including all tuition fees for the master program (three semesters) as well as the tuition fee for the completing master thesis. The scholarship does not contain financial support regarding accommodation, living costs, learning material, etc. Only the tuition fees for international partner universities that can be covered by the ISM’s tuition fee are covered by the scholarship.

Partial scholarship from 1st semester: This kind of scholarship covers a part of the complete tuition fees at ISM. It does not contain financial support regarding accommodation, living costs, learning material, etc.

In order to apply for the grant you have to fulfil the following criteria:

Successful acceptance test

Proof of financial need

Full scholarship only: outstanding academic performance with a grade point average of 1.7 or higher in the first academic degree (e.g. Bachelor degree)

Partial scholarship only: outstanding scholastic performance

Essential extracurricular activity e.g. student associations, student council or assistant as well as outside the school in charity organizations

Germany Scholarship

ISM first awarded the Germany Scholarship in the winter semester 2012/2013. Scholarship students receive 300 euros a month for two semesters.

The Germany Scholarship is made possible through equal donations from the German federal government and private sponsors. To be eligible for the scholarship, applicants must be currently enrolled as students or hold an offer of admission at the time of application. The selection process takes numerous aspects into account, including excellent results in qualifications already obtained by the applicants and their participation in social engagement work.

Scholarships for Refugees

As a uniquely international and cosmopolitan university, ISM wants to actively support the higher education of refugees. It is hoped that four bachelor’s and two master’s scholarships will allow asylum seekers to start building a future in Germany.

Scholarship applicants must have a residence permit to guarantee they can complete the respective course. As with all other applicants, documents specifying university entrance qualifications and language skills must be submitted. Knowledge of German is not essential for studying at ISM, as some courses are taught in English.

The integration of refugees and international students at our global locations in Dortmund, Frankfurt/Main, Munich, Hamburg, Cologne and Stuttgart is supported and facilitated by the student Counseling and the International Office. Applicants who gained their university entrance qualifications in Germany cannot apply for this specific scholarship but can use the standard procedure to apply for a scholarship.

Note: The course does not automatically entitle you to a student visa.